BANGKOK: Bank of Thailand governor Veerathai Santiprabhob said there’s no evidence authorities are manipulating the currency to give exports an unfair advantage, responding to the US’s decision to investigate the South-East Asian nation for possible trade abuse.
While the central bank intervenes in the foreign-exchange market at times, the baht has strengthened against the dollar this year, proof the monetary authority isn’t trying to keep the currency weak, Veerathai said in an interview with Bloomberg Television’s Haslinda Amin in Cebu in the Philippines.
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